$90K Bullish Bet On CLF Before Earnings

A trader placed a new bullish bet on Cleveland Cliffs Inc (CLF) today at 07:18am PST betting $90K expecting CLF share price to continue rising next week.

Open Interest was way below the volume so this definitely a new bullish bet. The trade targets a strike of $12.5, which is almost 15% higher than the closing CLF price on February 7, 2019.

The company reports earnings on Feb 8 before the open. This trader is hoping for a positive market reaction.

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